AMD has been a long-term outperformer Chip name Advanced Micro Devices, Inc. (NASDAQ:AMD) is up 1.2% and fresh off a record high of $51.81 this morning, surging after receiving two analyst bull notes. Deutsche Bank hiked its price target to $40 from $29, while Northland Capital Markets raised to $42. The catalysts are unclear, but the double dose of optimism has AMD pacing toward a fourth straigh...Read More

Short interest on COST is at the highest point since MarchThe shares of Costco Wholesale Corporation (NASDAQ:COST) have jumped 2.1% out of the gate to trade at $310.92, after Oppenheimer upgraded the retail stock to "outperform" from "perform," while lifting its price target to $335 from $300. The brokerage firm wrote about the equity's attractive valuation, while mentioning the company's improvin...Read More

Latest economic data were published last week, indicating that the U.S. economy remains on solid footing. Gold prices held up relatively well – but can it last?Recent U.S. Economic Data Show General HealthLast week was full of economic reports. Let’s analyze them. First, the CPI rose 0.2 percent in December, slightly below expectations and the 0.3-percent increase in November. But as t...Read More

- Clive MaundAt first glance gold looks like it may be about to advance out of a bull Flag, but there are a number of factors in play that we will examine which suggest that any near-term advance won't get far before it turns and drops again, and that a longer period of consolidation and perhaps reaction is necessary before it makes significant further progress.On the 6-month chart we can see ho...Read More

1. Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.2. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/01/2020jan21gold1.png Double-click to enlarge. Gold is staging a breakout from an irregular bull flag pattern and doing so from strong support in the $1550-$1530 zone. 3. I'm projec...Read More

The Minas Gerais state prosecutors' office, MPMG, has charged miner Vale, consulting company T?oeV S?oeD and 16 people - including former Vale chief executive Fabio Schvartsman - for homicide and environmental crimes, according to a document made public on Tuesday January 21.The charges are related to the disaster in Brumadinho on January 25, 2019, when the rupture of a tailings dam in Vale's C??r...Read More

I've been a hardcore deflationist for so long that it took a wake-up call from the always astute Jesse Felder to jolt me out of my complacency. His latest report is headlined Dr. Copper Could Soon Deliver a Diagnosis of Inflation, and it's an eye-opener. The chart accompanying Felder's think-piece suggests that copper futures have been developing thrust for the last several years that could l...Read More

Most analysts are already tremendously bullish toward ETONIn the biotech sphere today, the big news is a co-promotional agreement between drugmakers Eton Pharmaceuticals Inc (NASDAQ:ETON) and privately held Xellia Pharmaceuticals. The two companies will team up to promote Biorphen, Eton's Food and Drug Administration (FDA) approved blood pressure treatment. In response, Eton stock is up 3.2% to...Read More

The IMF now sees growth at 3.3% this year, down from 3.4% and also cut the 2021 forecast to 3.4% from 3.6%. Yet it still lifted the outlook for China to 6%. Slower growth rates imply lower interest rates. Low interest rates along with high inflation will result in continued rise on gold investment demand for the rest of the year. If gold price rise sharply and silver lags, then retail investor...Read More

The gold bull market ended 2019 with a strong gain of 19%. The first half the year was marked with uncertainty as the price after an early year surge to $1350 gave up all of it's gains to drift lower to trade down on the year by early May. However, this was the calm before the bull market storm and that set the stage for a powerful bull run starting early June that saw the Gold price rocket higher...Read More

Evercore ISI lifted its price target to $404 from $342Adobe Inc (NASDAQ:ABDE) is brushing off a bull note from Evercore ISI this morning, just one session after hitting an all-time high of $349.95. Specifically, the analyst raised its price target to $404 from $342 -- a roughly 15% premium to Friday's close. At last check, ADBE is down 1.2% at $345.40.The equity has been on a tear after breaking o...Read More

Investors are keeping an eye on the virus outbreak in AsiaThe Dow Jones Industrial Average (DJI) could be set to snap its five-day winning streak today, as U.S. stock futures trade below fair value. Traders are monitoring the effects of the coronavirus outbreak in China, which is putting pressure on travel stocks this morning. Investors are also taking in headlines from the World Economic Forum in...Read More

There's a key VIX level to watch in the coming weeks"The S&P 500 is on one of its longest streaks without a 1% daily move in the past five decades, highlighting how the latest leg of the stock-market rally has been a gradual climb rather than a euphoric surge. The broad equity gauge hasn't moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and th...Read More

Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More

China's steel refining and rerolling industry's capacity utilization rate was 80.2% in the fourth quarter of 2019, above the national industrial average of 77.5%, according to figures from the country's National Bureau of Statistics (NBS) released on Friday January 17.The country's industrial capacity utilization rate of 77.5% was 1.5 percentage points higher than the corresponding period a year e...Read More

The Minas Gerais state prosecutors' office, MPMG, has charged miner Vale, consulting company T?oeV S?oeD and 16 people - including former Vale chief executive Fabio Schvartsman - for homicide and environmental crimes, according to a document made public on Tuesday January 21.The charges are related to the disaster in Brumadinho on January 25, 2019, when the rupture of a tailings dam in Vale's C??r...Read More

Hot-rolled coil prices in the United States might have peaked on high output and market predictions that ferrous scrap prices might weaken in February, some sources warned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $29.69 per hundredweight ($593.80 per short ton) on Tuesday January 21, down by 0.8% from $29.94 per cwt on Friday January 17 and down by 2.7% from $3...Read More

Jim Willie CB, editor of the "HAT TRICK LETTER" Subscribe: Hat Trick Letter Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. The historically unprecedented ongoing collapse has be...Read More

- Clive MaundAt first glance gold looks like it may be about to advance out of a bull Flag, but there are a number of factors in play that we will examine which suggest that any near-term advance won't get far before it turns and drops again, and that a longer period of consolidation and perhaps reaction is necessary before it makes significant further progress.On the 6-month chart we can see ho...Read More

1. Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.2. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/01/2020jan21gold1.png Double-click to enlarge. Gold is staging a breakout from an irregular bull flag pattern and doing so from strong support in the $1550-$1530 zone. 3. I'm projec...Read More